Xponance Inc. Purchases 209 Shares of WSFS Financial Corporation (NASDAQ:WSFS)

Xponance Inc. lifted its position in WSFS Financial Corporation (NASDAQ:WSFS) by 4.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,439 shares of the bank’s stock after purchasing an additional 209 shares during the quarter. Xponance Inc.’s holdings in WSFS Financial were worth $230,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in WSFS Financial by 37.0% during the first quarter. GAMMA Investing LLC now owns 2,038 shares of the bank’s stock worth $106,000 after acquiring an additional 550 shares during the last quarter. Principal Financial Group Inc. increased its stake in WSFS Financial by 2.2% during the first quarter. Principal Financial Group Inc. now owns 324,266 shares of the bank’s stock worth $16,820,000 after acquiring an additional 7,012 shares during the last quarter. Sei Investments Co. increased its stake in WSFS Financial by 58.4% during the fourth quarter. Sei Investments Co. now owns 56,359 shares of the bank’s stock worth $2,994,000 after acquiring an additional 20,784 shares during the last quarter. Norges Bank bought a new stake in WSFS Financial during the fourth quarter worth approximately $32,775,000. Finally, Deutsche Bank AG increased its stake in WSFS Financial by 49.6% during the fourth quarter. Deutsche Bank AG now owns 51,747 shares of the bank’s stock worth $2,749,000 after acquiring an additional 17,165 shares during the last quarter. 88.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WSFS has been the topic of a number of analyst reports. Stephens reaffirmed an “overweight” rating and set a $64.00 target price on shares of WSFS Financial in a research note on Monday, April 28th. Wall Street Zen cut WSFS Financial from a “hold” rating to a “sell” rating in a research note on Friday, May 30th. Finally, Keefe, Bruyette & Woods cut their target price on WSFS Financial from $66.00 to $64.00 and set a “market perform” rating on the stock in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.75.

WSFS Financial Price Performance

NASDAQ WSFS opened at $58.17 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s fifty day moving average price is $54.76 and its 200 day moving average price is $53.31. WSFS Financial Corporation has a 1 year low of $42.44 and a 1 year high of $62.75. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 13.07 and a beta of 0.87.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. The company had revenue of $256.11 million for the quarter, compared to the consensus estimate of $235.44 million. WSFS Financial had a return on equity of 10.06% and a net margin of 18.86%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $1.11 EPS. As a group, equities research analysts forecast that WSFS Financial Corporation will post 4.47 earnings per share for the current year.

WSFS Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.17 per share. The ex-dividend date was Friday, May 9th. This is a boost from WSFS Financial’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.17%. WSFS Financial’s dividend payout ratio (DPR) is 15.28%.

WSFS Financial Company Profile

WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.